Business Standard

Ola's dream of biggest e-scooter factory hits hurdle amid dearth of chips

Mass production of Ola e-scooters is likely to be pushed back until at least January

Ola e-scooter to start at Rs 85,000; eyes 50% of two-wheeler market
Premium

Ragini Saxena | Bloomberg
Electric Mobility Pvt., the Indian startup that’s pledged to build the world’s biggest electric scooter factory, doled out a handful of brightly-hued bikes earlier this month, complete with drummers and a saxophonist to mark the occasion. Founder Bhavish Aggarwal came to thank some 100 customers who brought along family and friends.

But beyond the colorful proceedings, Ola isn’t living up to its lofty ambitions. Mass production of its e-scooters is likely to be pushed back until at least January, according to people familiar with its operations, who asked not to be identified because the information isn’t public.

The Bengaluru-based unicorn, which has

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in